401 k doubt

[JANASENA]

nenu 2019-2021 oka comp lo job chesa aa 401 k account - Vanguard. (16k balance)

2021-2022 inkoka comp lo job chesa aa 401 k account - Fidelity.(6k balance)

My current employer's 401k account - Empower.

Question 1: Can I transfer the above 2 accounts (Vanguard & Fidelity) into Empower account so I can have all at one place? 

Thank you all in advance.

[Telugodura456]

Just now, JANASENA said:

nenu 2019-2021 oka comp lo job chesa aa 401 k account - Vanguard. (16k balance)

2021-2022 inkoka comp lo job chesa aa 401 k account - Fidelity.(6k balance)

My current employer's 401k account - Empower.

Question 1: Can I transfer the above 2 accounts (Vanguard & Fidelity) into Empower account so I can have all at one place? 

Thank you all in advance.

yes. Empower will do it for you if you request.

[JANASENA]

Just now, Telugodura456 said:

yes. Empower will do it for you if you request.

wow thank you bro!

[Gulebakavali]

2 minutes ago, JANASENA said:

nenu 2019-2021 oka comp lo job chesa aa 401 k account - Vanguard. (16k balance)

2021-2022 inkoka comp lo job chesa aa 401 k account - Fidelity.(6k balance)

My current employer's 401k account - Empower.

Question 1: Can I transfer the above 2 accounts (Vanguard & Fidelity) into Empower account so I can have all at one place? 

Thank you all in advance.

https://www.empower.com/the-currency/work/401k-rollover

 

[Galactus]

You usually have a 60 or 90 day period I think, same situation for me as well, once you miss the window you have to pay taxes I guess, so be careful, db experts throw some light on how we can rollover with out any penalties or tax.

[pandu123b]

yeah, its called rollover.

start procedure with empower and you will need request funds from vanguard & fidelity in the form of checks. and then it will become part of empower all in one plan

[vatchesa]

14 minutes ago, JANASENA said:

nenu 2019-2021 oka comp lo job chesa aa 401 k account - Vanguard. (16k balance)

2021-2022 inkoka comp lo job chesa aa 401 k account - Fidelity.(6k balance)

My current employer's 401k account - Empower.

Question 1: Can I transfer the above 2 accounts (Vanguard & Fidelity) into Empower account so I can have all at one place? 

Thank you all in advance.

You can do rollover.
In general, companies account lo 3-4 years unchali, unchakapote company matched amount potayi, apudu you can do rollover only the amount you contributed. Check with your fidelity employer account since it was the recent one. 

[Anta Assamey]

18 minutes ago, JANASENA said:

nenu 2019-2021 oka comp lo job chesa aa 401 k account - Vanguard. (16k balance)

2021-2022 inkoka comp lo job chesa aa 401 k account - Fidelity.(6k balance)

My current employer's 401k account - Empower.

Question 1: Can I transfer the above 2 accounts (Vanguard & Fidelity) into Empower account so I can have all at one place? 

Thank you all in advance.

Yes you can ...

[JANASENA]

3 minutes ago, vatchesa said:

You can do rollover.
In general, companies account lo 3-4 years unchali, unchakapote company matched amount potayi, apudu you can do rollover only the amount you contributed. Check with your fidelity employer account since it was the recent one. 

vesting period 3 yrs bro. but nenu 2 yrs ke resign chesa so comp contribution undadu only your contribution will be in the account ani appude cheppindi naaku. But yes will call Empower and merge all into one account. Thank you

[LungiLingaraju]

Just did it .. one more pending.. 

[LakshmiParvathii]

52 minutes ago, JANASENA said:

nenu 2019-2021 oka comp lo job chesa aa 401 k account - Vanguard. (16k balance)

2021-2022 inkoka comp lo job chesa aa 401 k account - Fidelity.(6k balance)

My current employer's 401k account - Empower.

Question 1: Can I transfer the above 2 accounts (Vanguard & Fidelity) into Empower account so I can have all at one place? 

Thank you all in advance.

you can what is your employer contribution in 2019 -2021

[LakshmiParvathii]

401k ki employer contribution vuntunda or individual contribution add cheyacha

[JANASENA]

9 minutes ago, LungiLingaraju said:

Just did it .. one more pending.. 

+1

[vatchesa]

51 minutes ago, JANASENA said:

vesting period 3 yrs bro. but nenu 2 yrs ke resign chesa so comp contribution undadu only your contribution will be in the account ani appude cheppindi naaku. But yes will call Empower and merge all into one account. Thank you

Vesting period 3 years, nuvu 2 years company vodilesina, if you leave the funds for one more year,, avi vested avutayi at the end of 3rd year even though you are not employed with the same company. Atleast that was told from my side of previous employers. 

[anandam2012]

32 minutes ago, vatchesa said:

Vesting period 3 years, nuvu 2 years company vodilesina, if you leave the funds for one more year,, avi vested avutayi at the end of 3rd year even though you are not employed with the same company. Atleast that was told from my side of previous employers. 

that is not true